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Discover a rare Madras property w/versatility, charm, & room to grow. The main 827 sq ft 2 BDRM, 1 BTH home is move in ready w/an updated kitchen & bath, fresh paint, new plumbing, & most windows replaced. Comfortable & inviting, it is ready for everyday living. The yard is a Central Oregon haven featuring fruit trees, open space, perfect for relaxing, gardening, or entertaining. The second 1956 manufactured home w/updated electrical offers flexible possibilities. Live in one & rent the other, create guest quarters, or accommodate multi generational living. A 34x16 storage building provides workshop, studio, or potential conversion to year round living space (20x16) while the generous corner lot may support an additional ADU, expanding income or living options. This property is centrally located near schools & town amenities combining convenience with lifestyle.
A rough estimate, not a quote. A real number comes from a lender.
Loan amount $238,000 · $59,000 down · 30 year term
Monthly cash flow, cap rate, and cash-on-cash return at this price. Every number is an estimate you can adjust to your own financing and rent.
Estimate $1,602 ($1,450–$1,850) · HUD Fair Market Rent (FY2025), Jefferson County, 3BR. Edit to your own number.
At $297,000 with 20% down, this property runs $604 per month negative. Adjust the price, down payment, or rent to find what works.
Estimates only, not investment advice or a guarantee of rent, value, or return. Figures depend on the numbers you enter and current market conditions. Verify with your lender, tax advisor, and a Ryan Realty broker before you rely on them.
Listing courtesy of Signet Realty, agent Ali Stensgar-Alire, 541-350-4859
Data last updated August 3, 2026
Based on information from Oregon Data Share. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information is for consumers personal, non-commercial use only.
